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September 5, 2018 7:51 AM EPF sees 7.64% increase in investment income in Q2

PETALING JAYA: The Employees Provident Fund (EPF) saw a 7.64% increase in total investment income to RM12.39 billion for the second quarter ended June 30, 2018 against RM11.51 billion in the previous corresponding period. In a statement released today, the pension fund's deputy CEO (Investment) Datuk Mohamad Nasir Ab Latif said the trading environment 70

September 5, 2018 6:58 AM Malaysia’s exports rise 9.4% to record high of RM86.1b in July

PETALING JAYA: Malaysia's exports expanded 9.4% year-on-year (yoy) to a record high of RM86.1 billion in July, driven by stronger growth in the electrical and electronics (E&E) and crude petroleum segments, according to the Department of Statistics. Re-exports in July 2018 was valued at RM18.7 billion and accounted for 21.7% of total exports. Domestic 57

September 4, 2018 12:34 PM EPF: Rise in approvals for flexible withdrawals in Q2

PETALING JAYA: The Employees Provident Fund (EPF) reported that 40% more contributors reaching the age of 55 and 60 in the second quarter of 2018, opted to retain part of their savings with EPF to earn dividends. There was a 48.65% increase to 67,969 (RM2.92 billion) approved applications for “Age 55 Flexible Withdrawal” in the second quarter, compared 26

September 1, 2018 6:23 AM Dr M on two-day official visit to Brunei

PUTRAJAYA: Prime Minister Tun Dr Mahathir Mohamad will make a two-day official visit to Brunei from tomorrow. The Foreign Ministry, in a statement, today said Dr Mahathir would be accompanied by his wife Tun Dr Siti Hasmah Mohd Ali, Foreign Minister Datuk Saifuddin Abdullah and officials from the Prime Minister's Department and Foreign Ministry 9

September 1, 2018 4:13 AM Pahang targets 32 gold medals at Sukma

KUANTAN: Pahang targets 32 gold, 27 silver and 54 bronze medals in the 19th Malaysia Games (Sukma) in Perak from Sept 11 to 22. State Human Resource, Youth, Sports and Non-Governmental Organisations Committee chairman Datuk Seri Mohd Johari Hussain said the target was expected to place Pahang in the top five contingents in the overall medal tally 10

August 30, 2018 1:09 PM 174 taxi drivers receive individual taxi permits

KUALA LUMPUR: Transport Minister Anthony Loke today handed over letters of approval for individual taxi permits to 174 taxi drivers and a RM5,000 cash grant to subsidise the purchase of a new car to 47 of them. He said the granting of the taxi permits to the taxi drivers whose vehicle lease had expired would help increase their income and encourage them to better 10

August 30, 2018 6:40 AM Eateries subject to SST if turnover exceeds RM1.5m annually

PUTRAJAYA: Malaysian eateries will only be subject to the Sales and Services Tax (SST) if their annual turnover exceeds RM1.5 million annually, said Finance Minister Lim Guan Eng (pix). He said the ministry agreed to raise the turnover threshold from the RM500,000 set under the Goods and Services Tax (GST), and asserted that the decision was final 15

August 29, 2018 11:53 AM Economic crime in Malaysia on the rise: PWC survey

KUALA LUMPUR: Economic crime in Malaysia has risen over the last two years, consistent with the global trend, according to PwC's Global Economic Crime and Fraud Survey 2018. Of the respondents, 41% experienced such crime compared with 28% in 2016, PwC said in a statement, adding that organisations were still not taking sufficient measures to protect 11

August 29, 2018 8:36 AM Ambitious Penang 2030 plan launched

GEORGE TOWN: The state government has unveiled an administrative policy called "Penang 2030" which aims to improve the overall quality of life for Penangites. Penang Chief Minister Chow Kon Yeow said that the state will introduce a form of the Happiness Index to gauge the level of contentment among the people here. Speaking during the launch of the plan at the E&O hotel 10

August 27, 2018 11:21 AM Matang Q4 earnings up 25%

PETALING JAYA: Matang Bhd's net profit for the fourth quarter ended June 30, 2018 grew 25% to RM578,000 from RM463,000 a year ago on higher volume of fresh fruit bunch (FFB) harvested and lower cost of sales. Its revenue jumped 12% to RM2.48 million compared with RM2.22 million in the previous year's corresponding quarter arising mainly from higher volume 8